Law firm Hill Dickinson’s Private Equity team has advised the founders of leading independent ERP (Enterprise Resource Planning) digital transformation business and global Workday partner, CloudRock, on a partnership-led investment by Growth Capital Partners.
Founded in 2017, CloudRock provides client-side ERP advisory, implementation and managed services to support global enterprises as they digitally transform their HR and finance functions. The company is one of a small number of global Workday partners, a global ecosystem of application, content and technology software companies that design, build, and deploy solution extensions.
With offices in London, Lisbon, Mumbai, Sydney and New York, CloudRock also has partnerships with other established ERP vendors, including ServiceNow, Oracle and Dayforce. CloudRock has been on an outstanding growth journey and is recognised as one of the FT’s 1000 Fastest Growing Companies in 2023 across Europe.
The partnership between GCP and CloudRock will support the business in continuing its outstanding growth in the UK, expansion internationally and further investment in CloudRock’s talent and its technology partnerships with best-in-class vendors.
Corporate partner James Paton-Philip led on the provision of legal advice to CloudRock’s founders as part of a wider, interdisciplinary, legal team comprising Hill Dickinson partners David Mkhitarian (Corporate), Alasdair Mackinnon (Banking) and David Klass (Tax); senior associates Amy Grosvenor and Tom Wisniewski; associate Cyprien Berlan; and paralegals Millie Newton, Rayona Basu and Martha Morrow (all Corporate).
GCP’s investment in CloudRock is perfectly timed to assist the business in its evolution and fast-track its growth ambitions. It now has an investment partner alongside it that fully understands the sector in which it operates. We were delighted to act as legal advisers, fielding a legal team with both significant IT Services sector expertise as well as specialists across a number of complementary areas. This ensured that we were able to work with the business to get the deal across the line with minimum delay and maximum efficiency. We very much look forward to seeing the collaboration flourish.James Paton-Philip
Partner
James Paton-Philip said: “GCP’s investment in CloudRock is perfectly timed to assist the business in its evolution and fast-track its growth ambitions. It now has an investment partner alongside it that fully understands the sector in which it operates. We were delighted to act as legal advisers, fielding a legal team with both significant IT Services sector expertise as well as specialists across a number of complementary areas. This ensured that we were able to work with the business to get the deal across the line with minimum delay and maximum efficiency. We very much look forward to seeing the collaboration flourish.”